Consumer confidence nosedives, as America braces for more economic pain to come

Consumer confidence nosedives, as America braces for more economic pain to come

Consumer confidence dropped sharply as the bull market ended abruptly and Americans began to grasp the magnitude of the social and economic disruption caused by the coronavirus pandemic. The Conference Board’s Consumer Confidence Index, released Tuesday, fell to 120 from 132.6 in February. The index tracking Americans’ assessment of current business and labor market conditions […]